Credit for tax (tax credit) paid by a person on account of AMT under Chapter XII-BA shall be allowed which can be carried forward up to ______ immediately succeeding the assessment year in which such credit becomes allow
CS Executive · Tax Laws and Practice · PYQS · December 2020
Credit for tax (tax credit) paid by a person on account of AMT under Chapter XII-BA shall be allowed which can be carried forward up to ______ immediately succeeding the assessment year in which such credit becomes allowable.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Alternate Minimum Tax (AMT)
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